InvestCloud Takes On Money Management

Los Angeles-based InvestCloud said today that it has launched a new, cloud-based product aimed at money managers. The firm said it has launched a product, mbOffice and InvestCloud CustomPort, which is aimed at money managers, hedge funds, asset managers, and others to manage their operations. The firm said its cloud-based product provides trade processing, portfolio accounting, analytics, and other functions necessary for middle and back office operations. The firm said its CEO is John Wise, and that it is a subsidiary of The Conifer Group, LLC.